Earned Value Management (EVM) is strongly encouraged in PMBoK standard. However its implementation has never been easy, mainly because it is not easy to find out the Earned Value (EV) and the Actual Cost (AC) for reporting.
Talaia OpenPPM comes with a EVM function which makes the implementation easy.
As you can see from the picture, the project EV which is derived by adding all the EV in each control account is shown. This will help the project manager in determining the actual EV to be reported.
The actual cost of reported man-hours are shown at the upper right corner. At the same time, the list of suppliers/contractors together with the planned payment amount and actual payment amount are show at the bottom of the picture. These information will assist the project manager in determining the AC to be reported for EVM.
If you would like to find out more about how Talaia OpenPPM can support your project management, please feel free to get in touch with us at firstname.lastname@example.org